The Urban Redevelopment Act offers tax incentives to grow businesses in Economic Redevelopment Areas in Omaha and Lincoln.
The Investment Only level requires $50,000 in new investment in qualified property. Businesses earn tax credits equal to 5% of the investment, up to $50,000 in tax credits.
The Investment and Employment level requires $150,000 in new investment and the hiring of at least five new full time equivalent employees at a qualified location. Businesses earn at least $23,250 in tax credits, up to a limit of $50,000.
For details regarding new investment, qualified locations, and how to apply, please visit our website or contact us at ded.ura@nebraska.gov.
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